HARD TIMES FOR "UNCLE"
PAWNBROKERS' SLACKNESS The pawnbroking trade in Britain is experiencing the slackest period it has known for years. In this case slackness is an indication of general prosperity elsewhere. Fewer calls on "Uncle," the* poor man's banker, mean that fewer people are having to pledge things to tide them over lean times. The secretary of the National Association ot Pawnbrokers stated recently: "Hundreds of our members usod to have regular customers whose best suits and costumes 'went in' every Monday morning and 'came out' on Saturday night for wear on Sunday. They no longer get this business. "Besides, clothing has become so cheap that people can buy new articles for little more than they used to borrow on the old. Prices on most goods have been so reduced that many pawnbrokers have suffered substantial losses on unredeemed articles that will not fetch at auction as much as was lent on them."
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New Zealand Herald, Volume LXIX, Issue 21278, 3 September 1932, Page 3 (Supplement)
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154HARD TIMES FOR "UNCLE" New Zealand Herald, Volume LXIX, Issue 21278, 3 September 1932, Page 3 (Supplement)
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